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Vietnam's Foody raises Series B round from Garena

  • Holden Mann
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Vietnamese food platform Foody has raised a Series B round from the investment arm of Singapore-based internet company Garena.

The size of the round was not disclosed, but Tech in Asia reports that it is a seven-figure sum. Foody will use the funds to expand its services, which include its restaurant review platform, a table-booking service, and a food delivery business.

Foody's restaurant review site launched in 2012, the same year the company received an undisclosed seed commitment from Japan's CyberAgent Ventures. CyberAgent made another investment alongside Singapore's Pix Vine Capital in 2013, again for an undisclosed amount.

Currently Foody has listed 115,000 points of interest; these are mostly restaurants, but the company has also expanded to include travel, beauty, healthcare, shopping, education and wedding services. It has 8 million monthly visitors, who have left 275,000 reviews.

Garena is mainly known for its mobile platform and social network Garena+. The company received an investment led by the Ontario Teachers' Pension Plan in March; while the amount of that investment was not disclosed, reports indicated that it valued the company at $2.5 billion.

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